What can we reason but from what we know? -Alexander Pope

Strokes From Other Pens

Letter to the Editor

Letter to the Editor,

Congress — don’t give the IRS access to consumers’ bank accounts.

Credit unions and banks across the country are jointly opposed to an item being considered as part of the proposed $3.5 trillion reconciliation bill. The bill may include a provision requiring credit unions and banks report to the IRS the account transactions (deposits or withdrawals) of accounts that hold more than $600.

What does this mean for you, the consumer? An invasion of your privacy and potential additional taxes. This proposed fishing expedition is bad for consumers.

The proposal states that if yo...

 

Reader Comments(0)

 
 
Rendered 07/16/2024 13:05